Spurs have been linked with Denkey this past week, along with Borussia Dortmund.
However, Voetbal24 says Club Brugge are keen to keep Denkey in the Jupiler League next season.
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Cercle are seeking 20m to sell Denkey, which may be too rich for Club Brugge, which see him as a replacement for Igor Thiago.
Thiago is leaving for Brighton this summer.